* Many countries went into months of lockdown in 2020 in a bid to stem the spread of Covid-19, which reduced cross-border travel and accelerated job losses.
* Governments increased spending to cushion the economic damage, but are now left with a huge debt pile to reckon with in the coming years.
* Meanwhile, central banks around the world slashed interest rates and purchased more assets to inject more money into the financial system.
SINGAPORE — The Covid-19 pandemic has sent the global economy into one of its worst recessions ever, and it isn’t yet clear when a full recovery will be in place.
Recent progress on coronavirus vaccines has brightened the economic outlook, but some economists said a potentially slow rollout of vaccines across developing economies could hamper the return of activity to pre-pandemic levels.
Even among advanced economies, renewed lockdowns in Europe in a bid to stave off a resurgence in infections could push back economic recovery, according to economists.
Read more ....
WNU Editor: I am not sure if these charts will hold. The pandemic is far from over.
The US has better economic performance than Japan or EU. Why become more socialist?
ReplyDeleteIn the multi-country region 4 people per day died over the long weekend. The same 3 factors come up, Old, LTC and comorbidities.
If you live in LTC1/2 the people checked into LTC are checked out at 5 months. THEY DIE.
I discussed a 1970's meningitis outbreak that killed thousands per year and lasted 1/2 a decade with an elder. Their comments was that the maids and other hired help brought it into upper class households. You want to pay your hired help enough so they do not live in slums.
Nurses and CNAs are driving the death rate among the elderly. With vaccinations they will still be deadly. They will be a COVID version of Typhoid Mary.
Stupidity is nurses off duty or on lunch break going Karen fellow citizens in stores for not wearing masks while they wear their scrubs in public.
You could lengthen the average stay length of a LTC resident from 5 months to 1 year or 3 years, if staff would practice consistent cleanliness standards such as changing into scrubs at work.
COVID won't be curbed by vax alone. It will need known cleanliness standards enforced.
If you see nurses in scrubs at a restaurant, go Karen on them!
Austrian Lawmaker Tests Coca Cola for COVID Infection Before His Colleagues and Drink Tests Positive
ReplyDeleteHa ha hah ha ha ha ha ha ha ha ha ha!